In a previous life (15+ years ago) I was a technical analyst with my own weekly market letter. I don't pay a lot of day-to-day attention to the stock market these days, but some pictures really can't be ignored. The DJIA appears to have a well-formed head and shoulders top formation, which means once it breaks the neckline (in red) it should drop the distance between the neckline and the top of the head - at least another 1000 point s from here. The other major US stock indices look similar.
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